RSM GmbH and PKF Frankfurt merger
As of January 1 2019, RSM GmbH’s office in Frankfurt expanded with the addition of six partners and 90 employees from PKF Frankfurt. This merger means that the office is one of RSM’s largest in Germany. RSM GmbH has more than 600 employees across the country and seems to be looking to further establish themselves.
The firm has stated that this move has “enormous strategic relevance owing to its location in one of the most globally-important metropolitan areas”.
Santash Varughese, managing partner of RSM’s Frankfurt office, said: “Along with corporate groups operating internationally, we especially focus on medium-sized companies that highly value individualised care and expect us to have a deep understanding of the specific needs of a medium-sized entity.
“Our clients operating internationally will particularly benefit from the merger with RSM by our gaining a wider range of services and competencies. RSM aspires to be the number one consultant, especially for German medium-sized companies operating globally. This is a clear promise of service, a clear statement and almost unique positioning on the market.”
The firm’s Frankfurt office caters particularly to medium-sized businesses across all key industry sectors, offering both audit and advisory services.
European regional leader of RSM International, Gregor Schmidt, added: “With this growth we strengthen our presence enormously in one of the most dynamic economic regions of Europe. By expanding the Frankfurt office, our ranking among the largest audit and tax advisory firms in Germany will climb towards the top ten.”
“I am delighted to welcome the partners and staff in Frankfurt to our network, further enhancing our client services and bringing expert insight and knowledge to middle market businesses looking to take advantage of this key financial centre,” said Jean Stephens, chief executive officer of RSM International.
In response to this merger, Rainer Grote, a member of the management committee of RSM GmbH, concluded: “Owing to ever increasing globalisation, to business models becoming digitalised and to IT security gaining ever more importance, our medium-sized clients are faced with growing challenges. We are particularly skilled in anticipating such challenges and helping our clients to handle them effectively and efficiently. Our success has proven we are on the right track. In the past year RSM GmbH was able to grow by 6%—we are over average for the industry. By expanding the Frankfurt branch, we want to continue to grow at this speed and to produce many more stories of success.”